Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

Labour 'must choose between tax increases and spending cuts'

17th September 2009

Ministers must choose between raising taxes or making cuts to public spending in order to reduce the current deficit, it has been claimed.

The proposal is based on analysis by the Institute for Fiscal Studies (IFS) of internal Treasury projections leaked to the Conservative Party.

Plans outlined by the Treasury involve cutting total public spending by 0.1 per cent over the three years to the next spending review.

The IFS claims that this would be the 'tightest squeeze in spending ... since the UK was negotiating its spending plans with the International Monetary Fund in the late 1970s'.

Conservative shadow chancellor George Osborne believes that the tightening should be implemented quicker, starting from next year.

Mr Osborne's economic programme proposals include lowering corporation tax and creating a simpler system overall.

Meanwhile, the Liberal Democrat Party's Vince Cable thinks the Treasury has understated the problem, although is wary of any sharp cuts next year during the anticipated economic recovery.

Latest Blog
The Lost City of Z and other Explorers' Tales
23/03/2017

As the film is released of The Lost City of Z, we take a look at other Explorers' Tales. Plus, see some footage from the film intercut with readings by Charlie Hunnam from The Lost City of Z.

Sally Emerson Relives Her Life
21/03/2017

Are the novels Fire Child and Heat still shocking? They certainly are, says their author Sally Emerson, six of whose novels are being republished this year.

How Eating Well can lead to Living Better
20/03/2017

Myles Hopper describes how and why the pair became preoccupied with healthy eating.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd